Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments
by yholio on Thursday February 14, 2019 @01:58PM
(#19164733)
I'm talking about competition, whatever the technical implementation. That's precisely the point, cost is determined by market structure and incentives, an inferior solution can be much cheaper due to lower margins.
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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments
by root_axis on Thursday February 14, 2019 @01:59PM
(#19164746)
I'm not sure I understand your point. Blockchains do not get rid of competition.
Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments
by jacoblambda on Thursday February 14, 2019 @07:16PM
(#19167382)
They don't but most competition does lower prices which is his point.